DEFICIT CLAUSE (THREE YEARS)
It is agreed that in the event of this contract showing a loss on the result of any one year, the total amount of such loss shall be debited to the Profit Account for the ensuing year or years, but no Profit Commission shall be considered as earned on any ensuing year or years until the previous loss has been balanced and a credit balance again restored. It being further understood and agreed that any such loss referred to above shall not be carried forward for more than three consecutive years.
AVN 22 1.10.96
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